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Posted By: Jeff Lichtman

Bruce is obviously right. It only takes one of the whales to skew the market and make it appear that prices are stronger than they truly are. For example, there was a PSA 7 T206 card I desperately wanted; I sniped very high and lost the card at around $1500; the winner was one of the big guys (a friend of mine who always -- and I mean always -- outsnipes my most outlandishly high snipes). Literally a week later the same card came up in PSA 7 (and there are about 6 examples of the card in PSA 7); I got it for $850.